Published On : Wed, Sep 4th, 2019

Listen to Manmohan on economy: Sena tells govt

Mumbai : BJPs ally Shiv Sena has backed former Prime Minister Manmohan Singh, who recently said that the Indian economy is in a bad shape due to mismanagement by the Narendra Modi-government, and said that listening to him is in the national interest.

Senas support for Manmohan Singh, a noted economist, came after the Centre dismissed his criticism of handling of the economy by the Modi-government. The Sena, through an editorial in party mouthpiece Saamana, asked the government to pay heed to the former PMs warning and not indulge in politics over the issue.

Last week, Manmohan Singh had termed the state of the economy as deeply worrying and said that the June quarter growth rate of 5% shows that India is in the midst of a prolonged economic slowdown. India has the potential to grow at a much faster rate, but all-round mismanagement by the Modi government has resulted in this slowdown, Singh said in a statement.

However, the government rebuffed Singhs criticism on Tuesday, saying it does not subscribe to his analysis as India has now become the worlds fifth-largest economy from 11th during his time.

The economy is in doldrums. Kashmir and economic slowdown are two different issues. A learned person like Manmohan Singh there should be no politics around the economic slowdown and experts should be roped in to repair the economy. National interest lies in listening to Manmohan Singhs advice, the editorial in Saamana said.

The Sena said that Singh has the right to speak about the economy as he has been associated with Indian finance and economy for over 35 years.